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Minnesota Retroactive Tax Law Change

The Minnesota legislature recently passed a tax bill to change the state's conformity date in regards to the Tax Cuts Act and Bipartisan Budget Act of 2018.  This bill has a wide range of impacts to individual and business returns for both 2017 and 2018.  An update to the ProSeries program is scheduled to be released for both 2017 and 2018 on August 15, 2019.  We recommend that you ensure that you have a PDF copy of your Minnesota returns before the update.  In addition, the state has recommended that returns not be filed until after the update is released.  We will be providing more information about this change when the update is released. 


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More details about the Minnesota Retroactive tax law change can be found at:

https://accountants-community.intuit.com/articles/1880240